My Goal: - Purchase a Multi family house in the DC area (inside of DC or in Virginia or Maryland) My Situation:- I own a Single Family Home, which is my primary residence, that I purchased in 2016. However, I have nev...

Transition to apartments with commercial  loans.

We have been working diligently at transitioning all tenants into the 21st century with ACH payments and using an online portal for maintenance requests.

We have been working diligently at transitioning all tenants into the 21st century with ACH payments and using an online portal for maintenance requests.

So with each transition you get money in your pocket and continued debt pay down and residual income.

I've used Stessa for a couple of years but I'm transitioning everything to QBO now due to my personal bank feeds constantly breaking in Stessa and causing a ton of unnecessary manual data entry.

They are wondering if he can transfer the house to their names prior to the transition in order to avoid this (and are there time limits?).

I am currently transitioning into self management of my small portfolio because I think I can run it better and dedicate less time to it by running it more efficiently eliminating many of the current problems I am facing.

Here are just a few:* They cannot afford to purchase a home or simply do not want to buy a home* They do not want to rent a SFR since it may required the tenant to take care of some maintenance* They are in transition in their life (ex. recently divorced, just changed jobs, and etc)* Some people have rented all of their life and that is all they knowThere are so many other reasons here, I would not worry about the reasoning why.

I had tracked my expenses meticulously for the 2 years leading up to that decision so I had a pretty good sense of where I would have to cut back to make the transition work.